Parliamentary Research Brief – Unsustainable Migration Will Cause Acute Shortage Of 253,000 Homes Over The Next Five Years

Australians pride themselves as welcoming and tolerant, yet recognise that infrastructure and housing has not kept pace with a rapid and unsustainable expansion to the nation’s migration intake.

IPA analysis of national housing and migration data reveals that, without supply fixes, Australians will experience acute housing shortages over the next five years:

• Between 2023 and 2028 net overseas migration to Australia is expected to be 1.75 million – in addition to the natural domestic population increase.
• Over the same time period, housing supply is forecast to increase by 866,900.
• This will result in a shortage of an estimated 252,800 houses between 2023 and 2028.